Quote:
Originally Posted by pppglowacki
Hi Milamber...i agree with you 100%. Thanks for the input.
Enjoy!
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No prob. Just to quote an example, i've been long on GBP/USD since market opened today. It went up +30 pips and then back down again now at +14pips. I've moved my stops tighter to protect 10pips now and i'm eyeballing the PPI news coming out later if i'm still in this trade at that time. I won't be too worried if price can break 215 before that. If i'm stopped out, i'll be looking for a reentry point lower and still be pleased with my 10pips so far. Yeah, i'm betting USD will crumble this week. It was artificially buoyed up last week so inherent weakness should go against the dollar in all pairs esp, GBP/USD which has broken over a double bottom pattern. As i write this, the pair has gone back up to +19pips after resting at 180 for a long time. Putting a support line there since it has bounced off there twice already today.
